WASHINGTON, DC (April 2, 2021) — The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist and Vice President of Research Curt Long issued the following statement after the Labor Department released the March jobs report:
“The March jobs report topped expectations, dropping the unemployment rate to 6 percent. Gains were broad, extending beyond the hard-hit restaurant and retail sectors,” said NAFCU Chief Economist and Vice President of Research Curt Long. “The employment-to-population ratio among prime age workers improved by even more than the unemployment rate, as participation picked up. The improvements in the labor market are clearly the result of vaccine deployment, which continues to accelerate, and the outlook for the rest of the year remains bright.”
The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.
